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Company Loan Type APR Est. Pmt.

short sales

Posted on: 03rd Sep, 2010 12:06 am
B of A agreed to short sale my home ,but stated that they may come after me for a defiency judgement. I only have one loan. I never took equity out of my home. Is the defiency judgement legal and is it the amount the home would sale for in today's market.

can I ask the bank to put the word forgiveness in the contract since I have only one purchase money loan.
What happened to the money they got from the Obama administration to help home owner's
Hi tenniev,

Welcome to mortgagefit,

You need to apply for the obama government package in order to avail the facility of the loan waiver.Surely BOA can go for judgment if you are delinquent on the mortgage.
DIPA
Posted on: 03rd Sep, 2010 01:19 am
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